14 Sep

Landlords given advice to protect tenants

Landlords given advice to protect tenants

Landlords with buy-to-let properties have been given advice to make sure their tenants are fully protected.

According to the Tenancy Deposit Scheme, residents should make sure their deposits are in safe hands when renting a property.

A spokesman for the group said: "[Landlords have] to give proof that they have registered the tenancy and the deposit with one of the three tenancy deposit schemes."

This advice was also given to tenants, who were told to "always ask for proof of registration".

Landlords who have not already done so were urged to sign up to the tenancy deposit schemes as they will have to pay fines of up to three times the value of the original sum if taken to court.

This is likely to come as good advice to a growing number of people after Paragon Mortgages reported in July 2010 that there was an increasing demand for properties from tenants.

It showed that 29 per cent of landlords recorded growing resident demand during the second quarter of the year.  ADNFCR-1222-ID-800064843-ADNFCR

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